Elmore, MN vs Fosston, MN
Elmore, MN and Fosston, MN have a very similar cost of living, with only a 1.9% difference in their overall index. Elmore scores 65 while Fosston scores 66 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.
On the housing front, median rent in Elmore is $907/month compared to $846/month in Fosston — a 7% difference. Interestingly, home values tell a different story: while Fosston has cheaper rent, Elmore actually has lower median home values ($45,800 vs $126,500).
Median household income in Elmore is $40,938 compared to $50,694 in Fosston (-19.2%). While Fosston is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Elmore spend roughly 26.6% of their income on rent, more than the 20% in Fosston.
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